African Development Bank to invest $58 million to expand clean electricity and support rural economic growth in Eritrea
Eritrea, Feb. 20 -- The African Development Bank Group has approved, on 18 February, $58.04 million to expand access to reliable and clean electricity across three towns in the Eritrea's southwest Gash Barka region.Under the Eritrea Energy Integrated Project for Tesseney, Kerkebet and Berantu, the Bank Group will provide an African Development Fund grant of $37.31 million in addition to a $20.73 million grant sourced from the Bank's Transition Support Facility.The financing will support deployment of a 34-megawatt solar-powered mini-grid system that will strengthen distribution networks and expand local energy capacity, delivering affordable, reliable electricity for households and businesses in and around Tesseney, Berantu and Kerkebet.The...
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